##TheStrategyLab Price Action Chat Room Logs

#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).


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.


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: Tue Dec 04 06:35:27 2012
Session Ident: #TheStrategyLab
[06:35:27] * Now talking in #TheStrategyLab
[06:35:27] * 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.'
[06:35:27] * Set by X on Mon Nov 12 05:14:02
[06:47:09] <@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
[08:17:09] <@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
[08:32:08] <fatdaddy> once again, i have gotten in too early and am hanging here waiting ...
[08:32:48] * fatdaddy is now known as tonyc
[08:35:30] <fatdaddy> this is how i learn to wait ?
[08:36:30] * fatdaddy is now known as tonyc_
[08:38:16] <@wrbtrader> If your short...you're doing great
[08:38:42] <@wrbtrader> Assuming you're shorting Eminis, Oil or Eurex
[08:42:20] <@wrbtrader> 3 months in a roll...VIX futures volume has been increasing
[08:42:28] <@wrbtrader> Total VIX Futures Volume Reaches New All-Time High In November
[08:42:46] <@wrbtrader> @ http://www.ibtimes.com/press-release/20 ... ber-916293
[08:44:42] <zz> all
[08:58:58] <@wrbtrader> Shorts Light Crude Oil CL @ 87.67 -> large size
[08:59:09] <@wrbtrader> 6 contracts
[09:01:45] <@wrbtrader> Covered all Light Crude Oil CL Short @ 87.60 --> + 0.07
[09:02:01] <@wrbtrader> suddenly choppy
[09:04:45] <@wrbtrader> Shorts Light Crude Oil CL @ 87.68 -> large size
[09:05:23] <@wrbtrader> 2+3+1
[09:05:49] <@wrbtrader> re-entry...same price action
[09:15:20] <@wrbtrader> tightning stop loss protection...
[09:15:26] <@wrbtrader> too much volatility contraction now
[09:15:33] <@wrbtrader> I'm now expecting a volatility spike
[09:16:03] <@wrbtrader> hopefully all of this contraction will tak prices down and not up
[09:16:58] <@wrbtrader> Covered all Light Crude Oil CL Short @ 87.80 --> - 0.12
[09:18:07] <@wrbtrader> Long Light Crude Oil CL @ 87.88 -> large size
[09:18:15] <@wrbtrader> 6 contracts
[09:18:22] <@wrbtrader> intuition
[09:20:08] <@wrbtrader> so far no volatility spike
[09:21:38] <@wrbtrader> Exited all Light Crude Oil CL Long @ 87.88 --> 0
[09:23:59] <@wrbtrader> Long Light Crude Oil CL @ 87.89 -> medium size
[09:24:06] <@wrbtrader> 2+2
[09:24:12] <@wrbtrader> re-entry
[09:24:21] <@wrbtrader> I'm still looking for that volatility spike
[09:24:52] <Tigerman> good morning all
[09:25:25] <+Tigerman> only little time in this open session x me
[09:26:03] <@wrbtrader> I'm running out of time on these Oil CL futures trades...regular session about to start
[09:26:17] <+Trendtrader> all
[09:26:26] <@wrbtrader> I don't want to be trading Oil CL futures early in the regular session because I'm not expecting much from it
[09:26:32] <+Tigerman> I see still sell pressure in oil
[09:27:24] <@wrbtrader> tighten stop loss protection
[09:29:46] <@wrbtrader> Exited all Light Crude Oil CL Long @ 87.91 --> + 0.02
[09:29:50] <+Trendtrader> Shorts Emini TF @ 820.9
[09:29:51] <+Trendtrader> x4
[09:30:41] <@wrbtrader> Shorts Light Crude Oil CL @ 87.78 -> large size
[09:30:53] <@wrbtrader> 6 contracts
[09:31:09] <@wrbtrader> I had problems early in the morning in this price area...
[09:31:21] <+Trendtrader> Covered 3/4 Emini TF Short @ 819.9 --> + 1
[09:31:23] <@wrbtrader> Hopefully it doesn't turn into a "pivot area"
[09:31:53] <@wrbtrader> intuition
[09:32:05] <+Trendtrader> moved stop to open of 1min WRB
[09:32:06] <@wrbtrader> 3+3
[09:32:54] <+Trendtrader> exit stop set Emini TF @ 820.7
[09:33:35] <@wrbtrader> Covered all Light Crude Oil CL Short @ 87.93 --> - 0.15
[09:34:28] <@wrbtrader> that's a tight 24 tick range
[09:34:34] <+Trendtrader> Covered Remainder Emini TF Short @ 820.7 --> + 0.2
[09:35:38] <@wrbtrader> Long Light Crude Oil CL @ 88.10 -> large size
[09:36:12] <@wrbtrader> a few ticks above the R area of the WRB Hidden GAP
[09:36:31] <@wrbtrader> now using it as my stop loss protection
[09:37:56] <@wrbtrader> back inside the price area of WRB Hidden GAP @ 0827am - 0830am est
[09:38:07] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.12 --> + 0.02
[09:39:46] <+Tigerman> I ll x long oportunity in CL
[09:40:16] <@wrbtrader> R area tested
[09:40:22] <+Tigerman> Long Light Crude Oil CL @ 88.20
[09:40:55] <+Tigerman> move up but entry is intuition
[09:43:54] <@wrbtrader> now expecting another volatility spike
[09:44:41] <@wrbtrader> Long Light Crude Oil CL @ 88.25 -> large size
[09:44:59] <@wrbtrader> 3+3
[09:45:07] <+Tigerman> Exited all Light Crude Oil CL Long @ 88.35 --> + 0.15
[09:45:25] <@wrbtrader> entry @ R area
[09:45:41] <+Tigerman> wow only few minutes but when in a trade seems hours
[09:45:52] <@wrbtrader> so far no WRB spike
[09:45:54] <+Tigerman> I wanna exited before
[09:46:22] <+Tigerman> just wait because seem to me good power in this move
[09:46:30] <@wrbtrader> back below the R area
[09:46:45] <+Tigerman> but not easy x me hang in trade if price not move soon in my favor
[09:47:09] <@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
[09:48:51] <@wrbtrader> key marketes trying hard to get insync
[09:51:06] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.26 --> + 0.01
[09:51:12] <@wrbtrader> it tried
[09:52:07] <@wrbtrader> I had a strong suspicion today about a tight opening into a low volatility trading range
[09:52:14] <@wrbtrader> volatility now dropping fast
[09:52:53] <+Fleneer> ghood morning traders
[09:54:31] <+Fleneer> no 10:00 AM econ numbers on my radar
[09:56:18] <@wrbtrader> range inside of a range inside of a range
[09:56:42] <@wrbtrader> Long Light Crude Oil CL @ 88.25 -> large size
[09:57:11] <@wrbtrader> re-entry near the R area
[09:57:22] <@wrbtrader> meant @ R area
[09:58:03] <@wrbtrader> price action so far hasn't move too far UP or DOWN in comparison to that recent R area
[10:00:48] <@wrbtrader> Haven't had time to fix it
[10:01:13] <@wrbtrader> will manually change after this trade
[10:01:23] <@wrbtrader> volatility increasing
[10:01:38] <@wrbtrader> pressure in Eminis
[10:02:18] <@wrbtrader> Exited all Light Crude Oil CL @ 88.15 --> - 0.1
[10:03:06] <@wrbtrader> 2 ticks above the Oil CL futures S area on that exit
[10:06:00] <@wrbtrader> Emini NQ only one trying to get outside of the first range
[10:07:09] <@wrbtrader> CL testing the prior R area of WRB Hidden GAP @ 0934am - 0936am est
[10:08:14] <@wrbtrader> Long Light Crude Oil CL @ 88.18 -> large size
[10:08:42] <@wrbtrader> same type of re-entry via the bounces and retesting of R areas
[10:09:35] <@wrbtrader> retested another R area
[10:10:11] <@wrbtrader> its like a pin ball machine between these areas
[10:11:05] <+Tigerman> I m back from some works
[10:11:20] <+Tigerman> seems nothing is changed
[10:11:30] <+Tigerman> price in range
[10:11:36] <+Tigerman> contracting now
[10:12:00] <@wrbtrader> 88.25 retest again
[10:15:07] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.18 --> 0
[10:19:57] <+canaandog> EMD rejected by s of yesterday's normal gap
[10:20:27] <+Tigerman> if time I ll go long in cl
[10:20:41] <+Tigerman> because I have to exit
[10:22:07] <@wrbtrader> Long Light Crude Oil CL @ 88.11 -> large size
[10:22:27] <@wrbtrader> re-entry R area
[10:22:39] <@wrbtrader> 6 contracts
[10:23:47] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.07 --> - 0.04
[10:24:13] <@wrbtrader> S area @ 87.96
[10:24:22] <@wrbtrader> too far down for me to hold a loss
[10:25:17] <@wrbtrader> volatility declining
[10:25:48] <+Fleneer> basic trading rule is cut the losses. Or as I heardit stated once "Your first loss is your best loss so you should take it and move on."
[10:26:52] <@wrbtrader> Don't believe everything you hear
[10:27:01] <+Fleneer> :o)
[10:27:09] <+Fleneer> Only believe what works for you
[10:27:56] <@wrbtrader> Only problem with day's like today is the break from trading...
[10:28:27] <@wrbtrader> You know its going to move hard...you fear it will occur while you're on a break from trading
[10:28:38] <@wrbtrader> Thus, missing that runner of the day
[10:29:24] <@wrbtrader> Low volatility trading day...with a few WRB Hidden GAPs
[10:32:36] <@wrbtrader> Oil CL futures has fought EVERY R & S area breakouts today...
[10:32:47] <@wrbtrader> turning everyone into a temporary pivot point
[10:33:43] <+Tigerman> contracting in CL
[10:33:56] <@wrbtrader> 88.11 and 87.96 are the current R & S areas I'm watching closely
[10:35:31] <+Tigerman> no signals in view on CL
[10:35:42] <+Tigerman> in add I have to go
[10:36:08] <+Tigerman> see all later in last part of regular session if time permit
[10:39:08] <db887> l es 0600
[10:39:50] <@wrbtrader> Long Light Crude Oil CL @ 88.18 -> large size
[10:40:09] <@wrbtrader> 88.25 retest
[10:40:41] <@wrbtrader> last few times it has done such...trade still retraced to take me out at breakeven or loss
[10:41:01] <@wrbtrader> not looking good again after the retest
[10:44:10] <@wrbtrader> I still have NOT caught a runner today in Oil CL futures
[10:45:20] <+db887> cl es 0650
[10:50:32] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.27 --> + 0.09
[10:50:55] <@wrbtrader> thought I had a tighter trail on that
[10:51:04] <@wrbtrader> should have had it @ 88.30
[10:54:24] <T4n_paper> nice cl move
[10:54:34] <+T4n_paper> not so much in eminis
[10:59:21] <+zz> S nq 59
[11:00:34] <+zz> out 58
[11:06:24] <+zz> dang it
[11:13:31] <@wrbtrader> Light Crude Oil CL futures still range bound and volatility declining slowly
[11:17:46] <+tonyc_> is patience the key element to playing these games
[11:18:22] <@wrbtrader> No...there's is NO key element
[11:18:30] <@wrbtrader> They are ALL important
[11:19:04] <@wrbtrader> Simply, if you have one and not the other elements...you're still in trouble
[11:19:22] <@wrbtrader> Long Light Crude Oil CL @ 88.42 -> large size
[11:19:33] <+tonyc_> good advice
[11:19:43] <@wrbtrader> Oil CL futures breaking out above that tight trading range
[11:19:58] <@wrbtrader> 4+2
[11:20:26] <@wrbtrader> 88.39
[11:24:47] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.46 --> + 0.04
[11:25:05] <@wrbtrader> tonyc...today's low volatility tight trading range is "UNUSUAL" via how many key markets were involved.
[11:25:37] <@wrbtrader> It happens 3 - 4 trading days per month.
[11:25:53] <@wrbtrader> I don't really refer to it as games.
[11:26:24] <+tonyc_> connect the dots
[11:26:24] <@wrbtrader> It's just a market that doesn't have any key market events to encourage the big boys to cause key changes in supply/demand
[11:26:52] <@wrbtrader> I just hope we don't see another trading day like today this week.
[11:27:07] <@wrbtrader> One per week is about all I can handle
[11:27:18] <@wrbtrader> anything more would be very discouraging
[11:28:53] <@wrbtrader> I had a strong suspicion today would be like this prior to the regular session opening.
[11:29:06] <@wrbtrader> Thus, I knew I would be getting very few trade signals.
[11:29:34] <@wrbtrader> Therefore, I've been doing mainly "intuition trading" today...relying more on my trading experience instead of my trade signals.
[11:29:40] <@wrbtrader> So far...not going well
[11:29:59] <+tonyc_> a little slippage coming in
[11:30:06] <+tonyc_> i have a small short
[11:31:07] <+tonyc_> take positions for several days
[11:31:32] <+tonyc_> use patterns for exit / entry , suppose intuition
[11:31:50] <+tonyc_> this system you use seems to work
[11:32:10] <@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
[11:32:17] <@wrbtrader> If I don't think I'm going to get any valid trade signals...
[11:32:20] <@wrbtrader> I have two options...
[11:32:29] <@wrbtrader> 1) Don't trade for the day
[11:32:38] <@wrbtrader> 2) Intuition trade
[11:32:59] <@wrbtrader> When I first started trading many years ago...
[11:33:09] <@wrbtrader> I would just NOT trade (option #1)
[11:33:27] <@wrbtrader> now that I got enough trading experience...I choose option #2
[11:37:19] <+tonyc_> i don't have enough experience , my results show it
[11:37:34] <+tonyc_> but i'm keeping on trying , and getting better slowly
[11:43:17] <+zz> wow cl took off
[11:43:44] <@wrbtrader> Long Light Crude Oil CL @ 88.56 -> large size
[11:43:53] <@wrbtrader> 2+4
[11:44:35] <@wrbtrader> re-entry
[11:44:53] <@wrbtrader> I have NOT caught a WRB pt1 today NOR a runner
[11:45:11] <@wrbtrader> primary reason why I'm sitting at a loss for the day
[11:46:08] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.70 --> + 0.14
[11:46:16] <@wrbtrader> WRB pt1 reached
[11:46:18] <+canaandog> hmm. HO not with CL's program
[11:46:22] <@wrbtrader> knock on wood
[11:47:10] <+zz> vn
[11:51:27] <@wrbtrader> Key markets today have mainly NOT been insync today with their volatility surges...
[11:51:44] <@wrbtrader> Yet, they have been insync today with their "low volatility tight trading ranges"
[12:04:39] <+T4n_paper> sync'd a bit for this drop
[12:08:54] <@wrbtrader> Shorts Light Crude Oil CL @ 88.45 -> medium size
[12:08:57] <+canaandog> CL shorts stopped out at (admittedly tight) breakeven twice
[12:09:08] <@wrbtrader> 4 contracts
[12:09:42] <@wrbtrader> Covered all Light Crude Oil CL Short @ 88.52 --> - 0.07
[12:10:09] <@wrbtrader> back above the S area of the most recent WRB Hidden GAP
[12:10:37] <@wrbtrader> looks like it wants to go into "another" range price action like all the others we've seen today so far
[12:11:51] <@wrbtrader> Shorts Light Crude Oil CL @ 88.44 -> medium size
[12:12:02] <@wrbtrader> same trade as prior
[12:12:06] <@wrbtrader> 4 contracts
[12:12:40] <@wrbtrader> retesting the R area of WRB Hidden GAP @ 1115am - 1118am est
[12:13:06] <@wrbtrader> R area @ 88.32
[12:13:43] <@wrbtrader> a lot of problematic price action occured prior to that WRB Hidden GAP
[12:19:17] <@wrbtrader> Covered all Light Crude Oil CL Short @ 88.38 --> + 0.06
[12:25:13] <+T4n_paper> Shorts Emini TF @ 814.8 -> small size «« sim »»
[12:25:57] <@wrbtrader> Shorts Light Crude Oil CL @ 88.35 -> medium size
[12:26:02] <@wrbtrader> 2+2
[12:28:40] <@wrbtrader> this trade is my first valid trade signal of the trading day that I've taken
[12:28:43] <@wrbtrader> not doing well
[12:29:03] <@wrbtrader> Covered all Light Crude Oil CL Short @ 88.50 --> - 0.15
[12:29:26] <+T4n_paper> Covered Emini TF Short @ 815.6 --> - 0.8 «« sim »»
[12:29:48] <@wrbtrader> 88.52 the close of a prior WRB Hidden GAP
[12:31:49] <@wrbtrader> I think this is the first time I've seen key markets insync on a volatility spike
[12:32:48] <@wrbtrader> Long Light Crude Oil CL @ 88.57 -> medium size
[12:33:31] <@wrbtrader> I know there's a miscellaneous key speech right now...
[12:33:48] <@wrbtrader> but didn't expect it to cause any volatility surges
[12:34:12] <@wrbtrader> Obviously I'm wrong about not expecting that speech to have any impact
[12:34:56] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.52 --> - 0.05
[12:43:04] <@wrbtrader> Long Light Crude Oil CL @ 88.52 -> large size
[12:43:13] <@wrbtrader> 6 contracts
[12:43:27] <@wrbtrader> will add 3
[12:43:58] <@wrbtrader> Long Light Crude Oil CL @ 88.51 -> Add
[12:44:23] <@wrbtrader> 2nd valid trade signal of the day
[12:45:37] <hp102> @wrbtrader where's your open of the prio WRB HG?
[12:46:14] <@wrbtrader> should be obvious
[12:46:58] <+hp102> not sure because I'va real gap on my Chart (2min)
[12:47:27] <+hp102> around 88.47
[12:48:51] <@wrbtrader> 88.38 is open of prior WRB HG
[12:49:49] <@wrbtrader> 88.49 is close of the same prior WRB HG
[12:50:03] <@wrbtrader> .11 tick range
[12:55:45] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.38 --> - 0.27
[12:57:09] <@wrbtrader> that's a tough pivot area to exit into
[12:57:36] <@wrbtrader> don't know if its going to bounce back up or pick up volatility and then plow lower
[13:02:10] <@wrbtrader> Oil CL inside the range of 3 recent WRB Hidden GAPs
[13:02:10] <@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
[13:06:06] <@wrbtrader> 88.38
[13:06:21] <@wrbtrader> It's like quicksand
[13:06:37] <@wrbtrader> price action can't get away from it too far
[13:06:44] <@wrbtrader> meant...its a magnet
[13:16:09] <@wrbtrader> Long Light Crude Oil CL @ 88.37 -> large size
[13:16:29] <@wrbtrader> 6 contracts
[13:17:12] <+T4n_paper> i've been looking for something bearish...
[13:17:33] <+T4n_paper> close, but vol is low now and no signal
[13:18:46] <@wrbtrader> Yeah...I had a close one two...missed by a few ticks for the downside
[13:19:12] <+T4n_paper> Shorts Emini TF @ 815.6 -> small size «« sim »»
[13:21:08] <+T4n_paper> Covered Emini TF Short @ 816.2 --> - 0.6 «« sim »»
[13:23:39] <@wrbtrader> I ignored a shallow WRB pt1 earlier trade and it was costly
[13:24:02] <@wrbtrader> Just did it again and its paying off so far
[13:24:53] <@wrbtrader> broker may end up sending me a "thank you" card today by the close
[13:25:07] <@wrbtrader> for all the commissions I've paid
[13:25:25] <@wrbtrader> above a WRB pt1 now
[13:27:17] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.60 --> + 0.23
[13:27:22] <@wrbtrader> WRB pt2 reached
[13:28:13] <@wrbtrader> that's actually an early exit...I had changed my target to 88.67 but then got lost in the trade
[13:28:49] <@wrbtrader> almost had a runner
[13:40:21] <+T4n_paper> sheesh too fast
[13:47:00] <+T4n_paper> Long Emini TF @ 818.7 -> small size «« sim »»
[13:48:52] <+T4n_paper> Exited Emini TF Long @ 818.9 --> + 0.2 «« sim »»
[13:54:34] <@wrbtrader> Long Light Crude Oil CL @ 88.69 -> medium size
[13:55:36] <@wrbtrader> Long Light Crude Oil CL @ 88.77 -> Add
[13:55:54] <@wrbtrader> 2 added
[13:57:11] <@wrbtrader> Oil futures trying hard to keep up with the Emini futures
[13:58:49] <@wrbtrader> chop showing up now
[13:59:04] <@wrbtrader> tighten stop loss protection
[14:02:41] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.83 --> + 0.2
[14:03:00] <@wrbtrader> WRB pt1 had been reached awhile ago...
[14:03:17] <@wrbtrader> Hung around to see if I could get lucky and catch a WRB pt2
[14:06:23] <@wrbtrader> volatility still slowly increasing in EuroFX 6E futures
[14:23:02] <@wrbtrader> Long Light Crude Oil CL @ 88.65 -> medium size
[14:23:10] <@wrbtrader>
[14:23:16] <@wrbtrader> want that one back
[14:24:27] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.69 --> + 0.04
[14:24:51] <@wrbtrader> trade error...2nd one of the day
[14:27:05] <+T4n_paper> I'll go long it it breaks the tl down
[14:33:37] <@wrbtrader> Oil CL futures almost retested that crazy 88.38 level
[14:35:23] <@wrbtrader> markets are cruel today
[14:35:56] <@wrbtrader> If we see price action open up again tomorrow inside of today's range...
[14:36:10] <@wrbtrader> It'll setup some nice trading on Thursday and Friday
[14:36:45] <@wrbtrader> A few range days usually setup a trend day or strong continuation price action
[14:40:58] <+T4n_paper> of course its too fast when it happens...
[14:46:57] <+T4n_paper> Long Emini TF @ 820.5 -> small size «« sim »»
[14:47:11] <@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
[14:52:50] <+T4n_paper> Exited Emini TF Long @ 820.4 --> - 0.1 «« sim »»
[15:03:39] <+T4n_paper> Long Emini TF @ 820.6 -> medium size «« sim »»
[15:04:26] <@wrbtrader> Emini TF is going to need a little help to move higher from other key markets
[15:04:35] <@wrbtrader> other markets so far aren't helping
[15:05:57] <+T4n_paper> Exited Emini TF Long @ 821.2 --> + 0.6 «« sim »»
[15:06:04] <@wrbtrader> Long Light Crude Oil CL @ 88.49 -> small size
[15:06:14] <@wrbtrader> 2+1
[15:06:32] <@wrbtrader> this time of day isn't the best time to be trading
[15:06:46] <@wrbtrader> keeping the stops tight
[15:07:05] <+T4n_paper> true, no cl help, so early e
[15:07:19] <+T4n_paper> fine with me, 'im done
[15:07:25] <@wrbtrader>
[15:10:38] <@wrbtrader> Oil CL futures volatility is drying up dramatically since 2:40pm est
[15:12:31] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.50 --> + 0.01
[15:13:29] <NinjaClan> r u guys running scripts that announce your trades to IRC automatically?
[15:14:44] <@wrbtrader> Not sure whast you mean by automatically
[15:15:11] <@wrbtrader> You can download the script from the forum...same forum that has the WRB Analysis free study guide.
[15:15:22] <+NinjaClan> do you have to manually announce your entry and exits here, or do you have a script that does it for you, when you trade
[15:15:30] <+NinjaClan> ah kk
[15:15:48] <@wrbtrader> You can use a script or post manually
[15:15:59] <@wrbtrader> some do it manually and others use a script
[15:16:14] <+canaandog> I think he meant from inside platform
[15:16:38] <@wrbtrader> That's what I thought he meant but I don't think so
[15:17:13] <@wrbtrader> For example, at first I thought he was wondering if the BROKER gave a script for us to send the trades automatically here in IRC
[15:17:25] <@wrbtrader> The answer is No
[15:19:19] <+NinjaClan> yeah, im looking at the script. very nice. easy way to announce trades uniformly
[15:19:37] <@wrbtrader> You can use any script you want.
[15:19:52] <@wrbtrader> That's the problem...everybody using any script they want
[15:20:19] <@wrbtrader> I offer my own script but some use their own while others prefer to manually post trades
[15:20:38] <+NinjaClan> i didnt have any trade announce script before, so this is noce to have
[15:20:41] <+NinjaClan> nice*
[15:21:21] <@wrbtrader> Its only nice if its color coded to differenciate it from "normal text"
[15:22:23] <@wrbtrader> I know Zulutrader use to have a script for twitter but I don't think their system allows such anymore
[15:23:14] <@wrbtrader> In fact, there was a few differernt brokers allowing scripts to automatically post trades to trader within 1 - 2 seconds after they occurred in the trader's platform.
[15:23:25] <+NinjaClan> thats cool
[15:23:29] <+db887> l es 0750
[15:23:35] <@wrbtrader> I think most discontinue that because twitter and stocktwits kept changing codes or something.
[15:24:07] <@wrbtrader> Thus, the script designers were kept too busy trying to keep up with the changes
[15:24:10] <@wrbtrader>
[15:24:31] <@wrbtrader> I heard a new script was being release like once per week
[15:24:53] <@wrbtrader> meant an updated script to keep up with the constant changes at twitter and stocktwits
[15:26:07] <+NinjaClan> wow, sounds like work
[15:26:22] <+NinjaClan> i know very little about twitters API
[15:26:56] <@wrbtrader> I have a few twitter scripts I designed that send trades to twitter and IRC at the same time...
[15:27:07] <@wrbtrader> I don't use them because they make my system crash
[15:27:48] <+NinjaClan> heh
[15:28:25] <Tigerman> all again
[15:28:30] <+Tigerman> I mback
[15:28:41] <+NinjaClan> hey
[15:29:09] <+Tigerman> try to see if some oportunity arise in last 30 min
[15:29:10] <@wrbtrader> The infamous 3:30pm est low volatility tight trading range started a little early today
[15:29:23] <+Tigerman> Cl is flat
[15:29:34] <@wrbtrader> hopefully that implies things will open up sooner than normal going into the regular session close
[15:32:47] <@wrbtrader> High-Speed Trades Hurt Investors (New York Times) @ http://www.nytimes.com/2012/12/04/busin ... 1&_r=2&hp&
[15:33:05] <@wrbtrader> article also talks about the impact of HTF on small traders
[15:43:48] <+T4n_paper> hope it lowers the cost of trading
[15:43:53] <+T4n_paper> cuz its not going away
[15:44:35] <@wrbtrader> I wonder what types of markets its more of a problem...stock, futures or what
[15:44:44] <@wrbtrader> I suspect its more of a problems in stocks
[15:45:31] <+T4n_paper> price has triangled up
[15:45:39] <+T4n_paper> or formed a triangle...
[15:55:10] <@wrbtrader> Long Light Crude Oil CL @ 88.42 -> medium size
[15:55:16] <@wrbtrader> 2+2
[15:55:52] <@wrbtrader> important trade for me
[15:56:07] <@wrbtrader> it determines if my day closes at a profit or loss
[15:59:17] <+db887> cl es 0600
[16:00:31] <@wrbtrader> low volatility tight trading range into the regular session close was like quicksand...
[16:00:45] <@wrbtrader> didn't let anything move away too far
[16:03:13] <@wrbtrader> Exited all Light Crude Oil CL Long @ 88.45 --> + 0.03
[16:03:18] <@wrbtrader> not enough
[16:03:22] <@wrbtrader> 2+1+1
[16:03:26] <@wrbtrader> losing day
[16:03:45] <@wrbtrader> not looking forward to tomorrow if it opens like today
[16:03:53] <@wrbtrader> Take care all and see all tomorrow
[16:05:44] <+NinjaClan> later
[16:17:11] <@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
[16:19:32] <+Tigerman> no oportunity this closing time
[16:19:41] <+Tigerman> Take care all and see all tomorrow
[18:02:12] <@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: Tue Dec 04 21:12:00 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:

CME Emini Futures EMD, ES and NQ

ICE Emini TF Futures (formerly CME ER2)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX 6E and EC

Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad

Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

S&P CNX NIFTY Futures

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)
@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
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