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 Post subject: December 5th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Dec 05, 2012 10:33 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3016
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:
120512-Key-Price-Action-Markets.png
120512-Key-Price-Action-Markets.png [ 561.05 KiB | Viewed 137 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 Dec 05 08:10:04 2012
Session Ident: #TheStrategyLab
[08:10:04] * Now talking in #TheStrategyLab
[09:22:10] <@wrbtrader> Good morning all
[09:22:54] <@wrbtrader> another late start for me like yesterday due to family stuff...I've already missed some good trade opportunities :(
[09:25:21] <+Trendtrader> gm all
[09:27:52] <Tigerman> gm all
[09:29:11] <Tonyc_> HSI up crazy
[09:30:45] <@wrbtrader> Shorts Emini TF @ 823.40 -> large size
[09:31:04] <@wrbtrader> 6 contracts
[09:31:49] <@wrbtrader> Covered all Emini TF Short @ 823.30 --> + 0.1
[09:32:10] <@wrbtrader> that was a trade entry order I wanted to cancel...
[09:32:13] <@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
[09:32:14] <+Trendtrader> Long Emini TF @ 823.9
[09:32:15] <+Trendtrader> x4
[09:32:19] <@wrbtrader> got lucky to get out of it with a tick profit
[09:33:00] <@wrbtrader> after +20 years of trading...I'm still slow on cancelling orders :)
[09:33:48] <+Tigerman> CL try to form an up trend
[09:39:15] <+Trendtrader> Exited 2/3 Emini TF Long @ 825 --> + 1.1
[09:39:52] <+Trendtrader> Exited Remainder Emini TF Long @ 824 --> + 0.1
[09:40:19] <+Tigerman> Long Light Crude Oil CL @ 88.55
[09:41:44] <+Tigerman> Exited all Light Crude Oil CL Long @ 88.50 --> - 0.05
[09:44:14] <+Tigerman> I ll try to re-enter
[09:45:11] <+Tigerman> fight here
[09:45:38] <@wrbtrader> wow...so far...another low volatility trading range regular session open :(
[09:45:59] <Fleneer> good morning traders
[09:46:04] <+Tigerman> traders are out to buy christmas present
[09:46:20] <@wrbtrader> If today's price action stays range bound...
[09:46:43] <+Tigerman> Tf is compressed not move
[09:46:56] <@wrbtrader> I will be dramatically increasing my position size TOMORROW in anticipation of a trend day and/or strong directional price action
[09:47:32] <+Tigerman> yeah at the end have to explode
[09:48:10] <@wrbtrader> Shorts Emini TF @ 822.30 -> large size
[09:48:25] <@wrbtrader> 6+3
[09:51:50] <+Tigerman> Shorts Light Crude Oil CL @ 82.22
[09:52:02] <+Tigerman> IWM trade
[09:53:58] <+Tigerman> Covered all Light Crude Oil CL Short @ 82.12 --> + 0.1
[09:53:59] <@wrbtrader> Covered all Emini TF Short @ 821.20 --> + 1.1
[09:54:15] <@wrbtrader> early exit...
[09:54:32] <@wrbtrader> be back in a few minutes (more family distractions)
[09:54:39] <+Tigerman> mine was not a full target
[09:54:58] <+Tigerman> but I am not confident in this slow volarility start
[09:55:19] <+Tigerman> also near yesterday close
[09:56:53] <+Tigerman> ISM news in minutes
[09:57:13] <@wrbtrader> IWM filled in its regular session gap from yesterday
[09:57:45] <@wrbtrader> looking to re-enter a Short position
[09:58:02] <@wrbtrader> Shorts Emini TF @ 821.00 -> small size
[09:58:08] <@wrbtrader> 2+1
[09:58:22] <+Tigerman> Shorts Light Crude Oil CL @ 82.07
[09:58:25] <@wrbtrader> Pending 1000am est key market event
[09:58:34] <@wrbtrader> WRB pt1 reached
[09:59:01] <+Tigerman> Covered all Light Crude Oil CL Short @ 82.03 --> + 0.04
[09:59:35] <+Tigerman> always IWM trade x me
[10:00:29] <@wrbtrader> tighten stop loss protection
[10:00:36] <@wrbtrader> big volatility spike now
[10:02:05] <+Tigerman> was better hang on in my last short
[10:02:11] <@wrbtrader> Covered all Emini TF Short @ 818.60 --> + 2.4
[10:02:48] <+Tigerman> when I ll trade more contracts I ll scale out this situation
[10:02:53] <+Tigerman> goos wrbtrader
[10:02:55] <+Trendtrader> very nice wrb!
[10:03:12] <+Tigerman> opsss I mean good
[10:03:48] <+Tigerman> when price move is everything more easy :)
[10:04:11] <+Tigerman> and is there into the move we need to trade
[10:05:08] <hp102> nice creeper down movement (TF/NQ)
[10:05:42] <+Tigerman> mean while my platform crashed :(
[10:05:49] <+Tigerman> rebooting now
[10:07:41] <+hp102> hesitated to take one of the shorts, because the signals occured prior 10:00 (ISM Non-Manufacturing PMI)
[10:10:22] <@wrbtrader> All out versus scaling out requires different price actions for me to choose.
[10:10:42] <@wrbtrader> For example, when the VIX (volatility) is high or rising...
[10:10:49] <@wrbtrader> I tend to scale out of positions.
[10:11:21] <@wrbtrader> In contrast, when the VIX is low (or range bound)...I tend to exit positions "all out" (no scaling out)
[10:11:32] <@wrbtrader> That's my trading tip for the month.
[10:11:43] <@wrbtrader> I try to post at least one trading tip per month in here
[10:13:13] <+Tigerman> ok thanks we wait for the next one
[10:13:23] <+Tigerman> next tip is next year :)
[10:14:27] <@wrbtrader> Yep
[10:26:00] <T4n_paper> Shorts Emini TF @ 818.9 -> medium size «« sim »»
[10:27:15] <+T4n_paper> Covered Emini TF Short @ 817.9 --> + 1 «« sim »»
[10:27:20] <@wrbtrader> Pending 1030am est key market event
[10:28:21] <@wrbtrader> Today's a lot different than yesterday's trading session that "lacked" key market events
[10:28:44] <@wrbtrader> Yet, at first the way today's open started out of the gate...
[10:29:03] <@wrbtrader> It spooked me and brought back the bad memories of yesterday's open
[10:29:58] <@wrbtrader> Shorts Light Crude Oil CL @ 88.29 -> small size
[10:30:07] <@wrbtrader> 3 contracts
[10:30:30] <@wrbtrader> WRB pt1 reached
[10:31:59] <@wrbtrader> Covered all Light Crude Oil CL Short @ 88.07 --> + 0.22
[10:32:37] <+Tigerman> very good wrbtrader
[10:34:40] <db887> l es 0350
[10:36:45] <@wrbtrader> geeesh...look at that retracement in Oil
[10:36:54] <@wrbtrader> CL futures all over the place now
[10:38:11] <+Tigerman> yeah CL retraced fast while gasoline is lower
[10:40:10] <+db887> cl es 0350
[10:41:34] <+Tigerman> Shorts iShares IWM @ 81.72
[10:43:34] <+Tigerman> Covered all iShares IWM Short @ 81.56 --> + 0.16
[10:54:03] <@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.
[10:54:52] <@wrbtrader> Shorts Light Crude Oil CL @ 87.75 -> small size
[10:55:03] <@wrbtrader> 2 contracts
[10:55:59] <@wrbtrader> Covered all Light Crude Oil CL Short @ 87.51 --> + 0.24
[10:56:07] <@wrbtrader> WRB pt1 reached
[10:56:37] <@wrbtrader> I think that was the fastest WRB pt1 I've captured in a trade in a few months
[10:57:02] <@wrbtrader> That's the nature of Oil CL futures when it has high volatility...
[10:57:11] <@wrbtrader> Its a monster when it decides to move.
[10:57:35] <+Tigerman> yeah well said a monster
[10:57:51] <@wrbtrader> Simply, when you reach a profit target in Oil CL futures...
[10:58:06] <@wrbtrader> Don't hang around too long congratulating yourself.
[10:58:10] <+Tigerman> same DAx or more monster
[10:58:26] <@wrbtrader> I did that twice yesterday and saw both trades quickly reverse and take me out for losses :(
[10:58:55] <@wrbtrader> poor trade management...didn't trail @ profit when WRB pt1 was reached
[11:03:09] <@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
[11:13:44] <@wrbtrader> volatility contraction now showing up in several key markets like Emini ES, EuroFX 6E, Eurex DAX, Oil CL futures
[11:14:46] <@wrbtrader> Gold GC futures too
[11:43:30] <@wrbtrader> Long Emini TF @ 820.60 -> small size
[11:43:40] <@wrbtrader> 2 contracts
[11:44:24] <@wrbtrader> Long Emini TF @ 820.10 -> Add
[11:44:33] <@wrbtrader> 2 added
[11:50:18] <@wrbtrader> Exited 1/2 Emini TF Long @ 820.50 --> + 0.4
[11:54:31] <@wrbtrader> Exited all Emini TF Long @ 819.60 --> - 1
[11:55:33] <@wrbtrader> Long Emini TF @ 820.30 -> small size
[11:55:41] <@wrbtrader> 2 contracts
[11:56:16] <@wrbtrader> re-entry on the retracement back above the R area of the WRB HG @ 1130am - 1132am est
[11:56:24] <@wrbtrader> increasing volatility
[11:56:52] <@wrbtrader> WRB pt1 reached
[11:57:54] <@wrbtrader> key markets volatility spikes are now NOT insync
[12:04:08] <+T4n_paper> its really movign today
[12:04:23] <@wrbtrader> Exited all Emini TF Long @ 822.50 --> + 2.2
[12:05:06] <@wrbtrader> Yeah and unexpectantly...I didn't expect to see a "volatile trading day" until tomorrow or Friday.
[12:05:49] <@wrbtrader> It's not a trend day but we did have one strong directional continuation price action with some nice WRB Hidden GAPs to use
[12:06:03] <@wrbtrader> Thus, we still may get a trend day tomorrow or Friday
[12:14:48] <+Tigerman> I have to exit be back later for last trading hour of regular session
[12:23:38] <+T4n_paper> Long Emini TF @ 822.7 -> small size «« sim »»
[12:24:12] <@wrbtrader> Long Emini TF @ 822.60 -> small size
[12:24:18] <@wrbtrader> 1 contract
[12:26:22] <+T4n_paper> Exited Emini TF Long @ 822.4 --> - 0.3 «« sim »»
[12:26:50] <+T4n_paper> vol died and cl didnt help
[12:27:21] <@wrbtrader> Exited Emini TF Long @ 822.10 --> - 0.5
[12:27:51] <@wrbtrader> R area of WRB HG @ 821.90
[12:31:01] <Tonyc_> sneaking as* game
[12:32:38] <@wrbtrader> Long Emini TF @ 822.30 -> small size
[12:32:54] <@wrbtrader> 3 contracts
[12:33:10] <@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
[12:34:39] <@wrbtrader> Exited all Emini TF Long @ 823.30 --> + 1
[12:34:46] <@wrbtrader> WRB pt1 reached
[12:36:37] <+T4n_paper> no ree for me
[12:38:04] <@wrbtrader> Emini futures Creeper Up Movement still active
[12:41:36] <+T4n_paper> i'm slow, meh
[12:47:01] <+T4n_paper> Long Emini TF @ 823.8 -> small size «« sim »»
[12:47:07] <+T4n_paper> oh jeez
[12:47:24] <+T4n_paper> Exited Emini TF Long @ 823.1 --> - 0.7 «« sim »»
[12:48:08] <+T4n_paper> should have known, if i'm fast enough to get on board, that meens its no good
[12:49:59] <+T4n_paper> now i have the desire to make my money back, and i'll get sucked into a pinball machine
[13:02:36] <+T4n_paper> Long Emini TF @ 822.5 -> medium size «« sim »»
[13:03:19] <+T4n_paper> Exited Emini TF Long @ 822.1 --> - 0.4 «« sim »»
[13:04:08] <+T4n_paper> error even...
[13:17:20] <+T4n_paper> Shorts Emini TF @ 822.5 -> medium size «« sim »»
[13:21:30] <+T4n_paper> Covered 1/2 Emini TF Short @ 822 --> + 0.5 «« sim »»
[13:22:19] <+T4n_paper> Covered Remainder Emini TF Short @ 822.4 --> + 0.1 «« sim »»
[14:15:10] <@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
[15:45:11] <@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
[15:47:44] <@wrbtrader> I'm glad to see movement now because that other recent price action was dead in the volatility
[15:51:10] <+T4n_paper> looking for continuation
[15:51:19] <+T4n_paper> not much else to look for
[15:56:26] <+Tigerman> not have more time to wait for another trade today
[15:56:31] <+T4n_paper> Shorts Emini TF @ 820.3 -> small size «« sim »»
[15:56:32] <@wrbtrader> Shorts Emini TF @ 820.10 -> small size
[15:56:48] <@wrbtrader> 3 contracts
[15:57:18] <+Tigerman> take care all see all tomorrow
[15:57:21] <+T4n_paper> Covered Emini TF Short @ 820.2 --> + 0.1 «« sim »»
[15:57:47] <+T4n_paper> Shorts Emini TF @ 819.9 -> medium size «« sim »»
[15:59:32] <+T4n_paper> Covered Emini TF Short @ 819.2 --> + 0.7 «« sim »»
[16:00:13] <@wrbtrader> Covered all Emini TF Short @ 819.70 --> + 0.4
[16:00:31] <@wrbtrader> Shorts Emini TF @ 819.60 -> medium size
[16:00:40] <@wrbtrader> 3+1
[16:01:06] <@wrbtrader> trail stop picked off in prior trade
[16:04:43] <@wrbtrader> Covered all Emini TF Short @ 819.60 --> 0
[16:05:16] <@wrbtrader> If I had more time to hang around...would have stayed in this trade.
[16:05:34] <@wrbtrader> Gotta go...take care all and see all tomorrow.
[16:09:48] <+T4n_paper> finaly dropping, so shallow
[17:15:11] <@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
Session Close: Wed Dec 05 17:22:50 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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