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 Post subject: November 29th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Nov 29, 2012 8:27 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, 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:
112912-Key-Price-Action-Markets.png
112912-Key-Price-Action-Markets.png [ 540.34 KiB | Viewed 111 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: Thu Nov 29 08:27:03 2012
Session Ident: #TheStrategyLab
[08:27:03] * Now talking in #TheStrategyLab
[08:27:03] * 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.'
[08:27:03] * Set by X on Mon Nov 12 05:14:02
[08:36:54] <wave1> gm all
[08:38:16] <@wrbtrader> Shorts Light Crude Oil CL @ 87.55 -> small size
[08:38:24] <@wrbtrader> 3 contracts
[08:39:52] <@wrbtrader> Shorts Light Crude Oil CL @ 87.56 -> Add
[08:40:03] <@wrbtrader> 3 added
[08:45:09] <@wrbtrader> just got choppy
[08:45:23] <@wrbtrader> not a good thing to see now
[08:45:31] <@wrbtrader> WRB
[08:48:27] <@wrbtrader> Covered all Light Crude Oil CL Short @ 87.55 --> + 0.01
[08:48:46] <@wrbtrader> WRB retraced = more chop
[08:53:56] <@wrbtrader> Low volatility tight trading range for the Eurex FDAX futures
[08:55:16] <wave1> geez git disconnected
[08:58:08] <@wrbtrader> wave1...you on a mobile device
[08:58:12] <@wrbtrader> ???
[08:58:16] * Looking up wave1 user info...
[08:58:23] <+wave1> y
[08:58:26] <+wave1> :(
[08:58:45] <+wave1> often gets disconnected..
[08:59:11] <@wrbtrader> Your device is what ?
[08:59:16] <+wave1> that is why I am here from my regular home IP..
[08:59:26] <+wave1> i am abnned :(
[09:00:18] <+wave1> cuz it seems that S Fl has in my area has similar IP address
[09:00:43] <+wave1> that someone u had banned for long time.
[09:00:51] <@wrbtrader> Long Light Crude Oil CL @ 87.96 -> medium size
[09:01:02] <@wrbtrader> 4 contracts
[09:01:56] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.01 --> + 0.05
[09:01:58] <+wave1> eur looking to shoot up for S setup
[09:02:20] <@wrbtrader> crazy price action...after 2 no fills...had to chase it down :(
[09:02:33] <+wave1> 3025 will be good for S
[09:09:43] <@wrbtrader> Brent Oil futures and Heating Oil futures keeping up with WTI CL futures
[09:10:31] <@wrbtrader> Long Light Crude Oil CL @ 88.11 -> medium size
[09:10:37] <@wrbtrader> 4 contracts
[09:12:03] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.13 --> + 0.02
[09:12:07] <@wrbtrader> :(
[09:12:48] <@wrbtrader> Long Light Crude Oil CL @ 88.10 -> medium size
[09:12:56] <@wrbtrader> re-entry
[09:13:08] <@wrbtrader> prior trade I tighten the trail stop too soon
[09:13:28] <@wrbtrader> reason for the easy "pick pocket"
[09:15:58] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.26 --> + 0.16
[09:16:13] <+wave1> vn trades CL
[09:17:03] <@wrbtrader> I missed a bulk of the move due to "no fills" a few time
[09:18:03] <@wrbtrader> 87.70 was my first attempt to get Long after the first volatility spike
[09:18:39] <@wrbtrader> It ticked quickly down to 87.68 and I put my order in for 87.70
[09:18:54] <@wrbtrader> It then went through the price as a "no fill"
[09:19:24] <@wrbtrader> Usually when that happens on a very liquid trading instrument like CL futures...
[09:19:34] <+wave1> n cuz of fast move that CL has?
[09:19:50] <@wrbtrader> That 87.68 price I saw must have been "lagging" at the moment I saw it.
[09:20:10] <@wrbtrader> Simply, it must have actually been ABOVE 87.70 for the no fill to occur
[09:20:24] <@wrbtrader> even though my data showed 87.68
[09:20:55] <@wrbtrader> That's not unusual to see "lagging data" during extreme volatility spikes
[09:20:56] <+wave1> ahha k
[09:23:03] <+Trend> gm all
[09:29:19] <@wrbtrader> Long Light Crude Oil CL @ 88.41 -> small size
[09:29:29] <@wrbtrader> 3 contracts
[09:29:34] <@wrbtrader> intuition
[09:30:13] <+Trend> Long Emini TF @ 820.1
[09:30:14] <+Trend> x3
[09:31:50] <@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
[09:32:15] <@wrbtrader> Had a WRB pt1 but didn't take it because it was shallow
[09:32:34] <@wrbtrader> will take it again if I get a 2nd chance at it
[09:33:37] <+Trend> Exited 2/3 Emini TF Long @ 821.1 --> + 1
[09:33:38] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.57 --> + 0.16
[09:33:58] <@wrbtrader> WRB pt1 reached
[09:35:04] <+Trend> Exited Remainder Emini TF Long @ 822.2 --> + 2.1
[09:36:24] <@wrbtrader> Eurex DAX finally broke to the upside above that recent "low volatility tight trading range" that was full of long shadow intervals.
[09:49:00] <+Fleneer> good morning traders
[09:49:12] <+wave1> L es 15
[09:54:49] <+wave1> out -1t
[09:55:01] <+wave1> will wait
[09:55:21] <@wrbtrader> Eurex FDAX futures still fighting hard to stay above that recent low volatility tight trading range.
[09:55:49] <@wrbtrader> WTI Oil CL futures volatility contraction after the big run up to the upside
[10:00:44] <+wave1> dang...:(
[10:01:26] <+wave1> home sales number
[10:19:17] <@wrbtrader> Shorts Emini TF @ 819.80 -> small size
[10:19:25] <@wrbtrader> 2 contracts
[10:19:49] <@wrbtrader> Emini TF futures in a Creeper Down Movement price action
[10:25:10] <@wrbtrader> Covered all Emini TF Short @ 819.40 --> + 0.4
[10:25:23] <@wrbtrader> trail pick pocketed
[10:25:51] <@wrbtrader> Shorts Emini TF @ 819.50 -> medium size
[10:25:57] <@wrbtrader> 4 contracts
[10:26:00] <@wrbtrader> re-entry
[10:28:14] <@wrbtrader> key markets sitting inside the lower price area of their most recent WRB Hidden GAP on the 3min chart
[10:28:51] <@wrbtrader> WRB pt1 reached
[10:31:12] <@wrbtrader> Covered all Emini TF Short @ 818.20 --> + 1.3
[10:31:14] <@wrbtrader> WRB pt2 reached
[10:37:06] <+wave1> had a good L ...early...geez did not wait..
[10:37:19] <@wrbtrader> Shorts Light Crude Oil CL @ 88.36 -> small size
[10:37:26] <@wrbtrader> 1 contract
[10:39:41] <@wrbtrader> Covered Light Crude Oil CL Short @ 88.42 --> - 0.06
[10:43:01] <@wrbtrader> WRB Analysis -> - 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.
[10:45:54] <@wrbtrader> Natural gas falls further after EIA supply data (MarketWatch) @ http://www.marketwatch.com/story/natura ... atest_news
[10:50:05] <@wrbtrader> Shorts Light Crude Oil CL @ 88.40 -> small size
[10:50:16] <@wrbtrader> 1 contract
[10:51:10] <@wrbtrader> Covered Light Crude Oil CL Short @ 88.46 --> - 0.06
[10:52:16] <@wrbtrader> Shorts Light Crude Oil CL @ 88.44 -> small size
[10:52:23] <@wrbtrader> 2 contracts
[10:52:25] <@wrbtrader> re-entry
[10:52:56] <@wrbtrader> not much room for error on this trade due to the chop
[10:55:15] <@wrbtrader> Covered all Light Crude Oil CL Short @ 88.37 --> + 0.07
[10:55:38] <@wrbtrader> churn result over the last 3 trades
[10:55:42] <@wrbtrader> early exit
[10:55:47] <@wrbtrader> not a WRB pt1
[10:59:34] <@wrbtrader> WRB Analysis -> - This chat room is only for traders using key concepts from WRB Analysis Tutorial Chapters 1, 2, 3 or the Fading Volatility Breakout (FVB) basic trade signal strategy. Therefore, if you have any questions about WRB Analysis or the FVB Basic trade signal strategy...please post them here in the chat room or at the discussion forum Q & A threads. Yet, if you're new here, you can learn more about the WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[11:16:50] <@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
[11:41:30] <T4n_paper> just took a huge loss, then price rockets my way
[11:43:54] <canaandog> must be news of some kind
[11:52:08] <+canaandog> long shadows
[12:02:55] <+canaandog> It was Boehner.
[12:04:38] <+canaandog> The saboteurs are determined to throw their austerity bomb.
[12:11:53] <+Fleneer> The more experience I get trrading the more convinced I become that trading is a high risk price action. You need the same money management as at a Market.
[12:12:17] <pat12> agree
[12:40:33] <@wrbtrader> Emini ES futures has a WRB Hidden GAP @ 1212pm - 1214pm est that its having problems escaping
[12:41:49] <@wrbtrader> Emini TF futures having problems too with the same WRB Hidden GAP
[12:44:52] <+pat12> y N on es 3m
[12:45:40] <@wrbtrader> currently just low volatility tight trading range for the past 30 minutes
[12:46:51] <@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
[12:55:54] <@wrbtrader> Oil CL (WTI) futures currently sluggish too
[13:03:30] <@wrbtrader> Emini TF futures nearing the R area of the WRB Hidden GAP @ 1140am - 1142am est
[13:06:11] <Tonyc_> market pattern getting real big
[13:09:37] <+Tonyc_> big moves
[13:13:50] <@wrbtrader> Emini ES futures still stuck inside the range of that earlier mentioned WRB Hidden GAP
[13:14:33] <@wrbtrader> no trade opportunities until it can above that R area or below the S area of the WRB Hidden GAP
[13:15:29] <@wrbtrader> EuroFX 6E futures in a low volatility tight trading range now and same with Gold GC futures...
[13:15:42] <@wrbtrader> looks like all key markets taking a nap now :)
[13:19:23] <wave1> y
[13:24:50] <+Tonyc_> calm before storm ?
[13:35:20] <+canaandog> tf, emd, ym closing out of Boehner's Gap.
[13:36:24] <@wrbtrader> Hope they're able to stay out and then slowly pick up some volatility before 3pm est so that the last hour of the regular session won't get stuck in some crap price action
[14:31:51] <@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
[14:51:28] <@wrbtrader> Emini TF futures in a Creeper Up Movement
[14:53:50] <wave1> just dead ..
[15:11:48] <@wrbtrader> Shorts Emini TF @ 820.70 -> small size
[15:12:04] <@wrbtrader> 2 contraacts
[15:21:02] <@wrbtrader> Covered all Emini TF Short @ 821.20 --> - 0.5
[15:21:11] <@wrbtrader> WRB on the retracement
[15:23:07] <@wrbtrader> Shorts Emini TF @ 820.40 -> small size
[15:23:21] <@wrbtrader> 2 contracts
[15:23:23] <@wrbtrader> re-entry
[15:23:41] <@wrbtrader> I had my suspicion I was pick pocketed
[15:24:10] <wave1> yup just painful slow mkt
[15:24:12] <+T4n_paper> no chance for a good entry, too fast
[15:24:12] <@wrbtrader> reason why I put an order near that S area of the WRB Hidden GAP just in case
[15:24:45] <@wrbtrader> volatility spike but still "shallow"
[15:24:56] <@wrbtrader> may still get a loss out of this
[15:25:51] <@wrbtrader> back above the S area
[15:28:20] <@wrbtrader> looks like its just going to contract around that S area :(
[15:29:32] <@wrbtrader> Covered all Emini TF Short @ 820.90 --> - 0.5
[15:30:03] <@wrbtrader> R area @ 821.60
[15:30:20] <@wrbtrader> S area @ 820.50
[15:31:49] <@wrbtrader> most of the price action so far since that WRB Hidden GAP has been occurring within its range as volatility contraction with the exception of the volatility spike
[15:38:39] <@wrbtrader> Long Emini TF @ 821.20 -> medium size
[15:38:45] <@wrbtrader> 4 contracts
[15:38:53] <@wrbtrader> volatility increasing
[15:39:47] <@wrbtrader> R area of that WRB Hidden GAP being retested
[15:40:19] <@wrbtrader> need a little more room to adjust my stop loss into a profitable trail
[15:40:25] <@wrbtrader> trailing @ profit
[15:41:35] <@wrbtrader> price action retesting another WRB Hidden GAP @ 1504pm - 1506pm est
[15:42:19] <@wrbtrader> Exited all Emini TF Long @ 822.40 --> + 1.2
[15:42:26] <@wrbtrader> WRB pt1 reached
[15:42:49] <+wave1> vn
[15:45:03] <@wrbtrader> Emini Futures now in another Creeper Up Movement
[15:45:34] <@wrbtrader> too bad it didn't show up a littler earlier
[15:48:00] <@wrbtrader> I haven't been trading EuroFX 6E futures lately because I have not been able to wake up early enough in the morning to get begin my preparation for trading it (1am - 3am est)
[15:48:38] <@wrbtrader> I can only do that a few times per month to prevent from turning into a Zombie due to lack of sleep...accordingly to my kids
[16:01:51] <@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
[16:04:14] <@wrbtrader> Take care all and see all tomorrow...I'll be taking it easy trading (few trades) to close November.
[16:05:18] * wrbtrader is now known as wrbtrader_away
[16:37:32] <MrStock> ?
[17:31:52] <@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
Session Close: Thu Nov 29 19:54:46 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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