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 Post subject: December 7th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Dec 07, 2012 7:05 pm 
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Trader / Forum Admin

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:
120712-Key-Price-Action-Markets.png
120712-Key-Price-Action-Markets.png [ 540.39 KiB | Viewed 133 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: Fri Dec 07 08:03:35 2012
Session Ident: #TheStrategyLab
[08:03:35] * Now talking in #TheStrategyLab
[08:04:31] <@wrbtrader> Good morning all
[08:07:56] <@wrbtrader> Shorts EuroFX 6E @ 1.2904 -> small size
[08:08:18] <@wrbtrader> 2 contracts
[08:21:02] <@wrbtrader> Forex EurUsd and EuroFX 6E futures having problems getting away from the S area of the WRB Hidden GAP @ 0740am - 0742am est
[08:24:49] <@wrbtrader> Covered EuroFX 6E Short @ 1.2912 --> - 0.0008
[08:30:43] <canaandog> !
[08:30:57] <@wrbtrader> Shorts EuroFX 6E @ 1.2906 -> small size
[08:31:15] <@wrbtrader> 2 contracts
[08:31:20] <@wrbtrader> re-entry
[08:32:01] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2903 --> + 0.0003
[08:32:20] <@wrbtrader> almost had a fill @ 1.2917
[08:32:32] <@wrbtrader> Shorts EuroFX 6E @ 1.2899 -> medium size
[08:32:40] <@wrbtrader> 4 contracts
[08:32:44] <@wrbtrader> re-entry
[08:33:19] <@wrbtrader> prior trade trail "pick pocketed"
[08:34:13] <@wrbtrader> looking like its going to be another pick pocket :(
[08:34:39] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2897 --> + 0.0002
[08:35:10] <@wrbtrader> Shorts EuroFX 6E @ 1.2900 -> large size
[08:35:17] <@wrbtrader> 3+3
[08:35:22] <@wrbtrader> re-entry
[08:39:47] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2889 --> + 0.0011
[08:39:57] <@wrbtrader> WRB pt1 reached
[09:27:35] <Trendtrader> gm all
[09:28:22] <hp102> gm
[09:31:20] <+Trendtrader> Long Emini TF @ 824.2
[09:31:21] <+Trendtrader> x4
[09:33:44] <+Trendtrader> Exited 3/4 Emini TF Long @ 825.2 --> + 1
[09:35:29] <+Trendtrader> Exited Remainder Emini TF Long @ 824.4 --> + 0.2
[09:39:19] <+Trendtrader> gotta go. done for the day. everyone have a safe and good weekend! see you all monday.
[09:44:48] <db887> l es 1725
[09:47:45] <+Fleneer> good morning
[09:48:18] <@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
[09:52:37] <@wrbtrader> Emini TF futures retraced that huge WRB Hidden GAP from the 0830am est key market event
[09:54:34] <wave1> L nq 54
[09:55:32] <+wave1> out b/e
[09:55:36] <+wave1> geez
[10:00:27] <+wave1> slow bled coninues
[10:08:23] <+db887> cl es 1750
[10:14:10] <T4n_paper> Shorts Emini TF @ 822 -> medium size «« sim »»
[10:15:59] <+T4n_paper> Covered Emini TF Short @ 822.5 --> - 0.5 «« sim »»
[10:22:53] <+T4n_paper> jeez
[10:23:18] <+T4n_paper> i errased all weeks work in 10 mins
[10:27:29] <@wrbtrader> It was only a -0.5 loss ?
[10:30:07] <+T4n_paper> i could not post what i had done
[10:46:20] <@wrbtrader> Long Light Crude Oil CL @ 86.37 -> small size
[10:46:29] <@wrbtrader> 1 contract
[10:46:34] <@wrbtrader> will add
[10:47:03] <@wrbtrader> Long Light Crude Oil CL @ 86.32 -> Add
[10:47:15] <@wrbtrader> 2 added
[10:48:32] <@wrbtrader> Exited all Light Crude Oil CL Long @ 86.26 --> - 0.17
[10:51:59] <@wrbtrader> Shorts Light Crude Oil CL @ 86.11 -> medium size
[10:52:13] <@wrbtrader> 2+2
[10:53:22] <@wrbtrader> Covered all Light Crude Oil CL Short @ 86.18 --> - 0.07
[10:53:33] <@wrbtrader> back above the S area of WRB Hidden GAP
[10:55:03] <@wrbtrader> Long Light Crude Oil CL @ 86.21 -> medium size
[10:55:10] <@wrbtrader> 3+1
[10:55:30] <@wrbtrader> S area @ 86.15
[10:55:56] <@wrbtrader> Exited all Light Crude Oil CL Long @ 86.15 --> - 0.06
[11:00:26] <@wrbtrader> It can't continue hiding inside that 12 tick range of the WRB Hidden GAP
[11:00:44] <@wrbtrader> 86.26 - 86.14
[11:01:07] <+wave1> nq no lift ..at all
[11:01:57] <@wrbtrader> Shorts Light Crude Oil CL @ 86.11 -> medium size
[11:02:06] <@wrbtrader> re-entry
[11:02:20] <@wrbtrader> 4 contracts
[11:03:49] <+T4n_paper> i am not liking these price moves
[11:04:19] <+canaandog> me either. large chop in eminis
[11:04:58] <@wrbtrader> Covered all Light Crude Oil CL Short @ 86.08 --> + 0.03
[11:05:14] <@wrbtrader> something has confused the markets in the past 30 minutes
[11:06:07] <@wrbtrader> Shorts Light Crude Oil CL @ 86.09 -> medium size
[11:06:15] <@wrbtrader> re-entry
[11:07:04] <@wrbtrader> trying hard to go back inside the range of that WRB Hidden GAP
[11:08:13] <@wrbtrader> Covered all Light Crude Oil CL Short @ 86.08 --> + 0.01
[11:08:50] <@wrbtrader> I'm not trying to scalp this but the price action keeps going back into "chop" after my entry...taking out my tight trails
[11:09:03] <+T4n_paper> Shorts Emini TF @ 819.5 -> medium size «« sim »»
[11:10:24] <@wrbtrader> I know EuroFX 6E was spiking on volatility when this type of crazy chop showed up in the Eminis and Oil
[11:10:34] <+T4n_paper> Covered Emini TF Short @ 819.5 --> 0 «« sim »»
[11:10:37] <@wrbtrader> I suspect something out of Europe is causing this type of price action
[11:13:18] <+T4n_paper> Shorts Emini TF @ 819.3 -> large size «« sim »»
[11:13:20] <@wrbtrader> No trend day and no strong continuation price action I was looking for today :(
[11:15:03] <+T4n_paper> Covered Emini TF Short @ 820.3 --> - 1 «« sim »»
[11:15:12] <@wrbtrader> Shorts Light Crude Oil CL @ 86.17 -> large size
[11:15:30] <@wrbtrader> 6 contracts
[11:16:05] <@wrbtrader> chop has stop but now the volatility contraction is shwoing up
[11:17:19] <@wrbtrader> knock on wood
[11:18:19] <@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
[11:19:29] <+T4n_paper> Shorts Emini TF @ 821.3 -> small size «« sim »»
[11:19:40] <+T4n_paper> just a guess
[11:19:49] <+canaandog> lol
[11:20:09] <@wrbtrader> geeeesh...tough
[11:21:57] <+T4n_paper> Covered Emini TF Short @ 821.2 --> + 0.1 «« sim »»
[11:22:24] <@wrbtrader> chop returned
[11:24:30] <@wrbtrader> Covered all Light Crude Oil CL Short @ 86.17 --> 0
[11:24:58] <@wrbtrader> average of .16 and .18
[11:25:32] <@wrbtrader> I gave it some room to work...got nothing
[11:26:21] <@wrbtrader> 1046am - 1048am est still an open WRB Hidden GAP
[11:30:52] <@wrbtrader> geeesh
[11:51:41] <+canaandog> since 0930 or so CL has had a rough rate of decline of -0.2/hr, with noise around +/- 0.4 at 1.2/hr
[12:01:10] <@wrbtrader> Shorts Light Crude Oil CL @ 86.13 -> large size
[12:01:33] <@wrbtrader> 4+2
[12:01:55] <@wrbtrader> same price action I tried before
[12:02:34] <+canaandog> noon CL has been a bit disappointing last few days
[12:03:05] <@wrbtrader> Yes and hopefully today is the day it shakes out of that slump
[12:03:57] <@wrbtrader> noon price action in CL has consistently produce a few trade opportunities the past 12 years but the past week its been low volatility tight trading ranges
[12:06:39] <@wrbtrader> it looked good for a few minutes but now the volatility contraction trying to show up
[12:06:41] <@wrbtrader> :(
[12:07:59] <+canaandog> :( b/e hit
[12:08:22] <@wrbtrader> Covered all Light Crude Oil CL Short @ 86.10 --> + 0.03
[12:08:30] <@wrbtrader> another stolen trail stop
[13:03:19] <@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
[13:22:15] <+T4n_paper> Shorts Emini TF @ 819.8 -> small size «« sim »»
[13:26:54] <+T4n_paper> Covered Emini TF Short @ 820.8 --> - 1 «« sim »»
[13:30:46] <+T4n_paper> Shorts Emini TF @ 820.2 -> large size «« sim »»
[13:46:08] <+T4n_paper> Covered Emini TF Short @ 820.4 --> - 0.2 «« sim »»
[13:46:21] <@wrbtrader> Long Light Crude Oil CL @ 86.15 -> medium size
[13:46:37] <@wrbtrader> 2+2
[13:48:33] <@wrbtrader> wow...they just don't want to give it too you.
[13:49:19] <@wrbtrader> The chop has been killers today but not like the one we saw several days ago
[13:49:42] <@wrbtrader> Reminder - we get this a few trading days per month
[13:50:03] <@wrbtrader> That's when you got to be very careful
[13:50:42] <@wrbtrader> overtrading, commissions add up fast, emotional trading and so on...
[13:50:52] <@wrbtrader> By the end of the day, you're exhausted.
[13:51:00] <@wrbtrader> That's not even the worst...
[13:51:14] <@wrbtrader> The worst is the psychological impact in that the next trading day...
[13:51:32] <+T4n_paper> story of my life
[13:51:39] <@wrbtrader> You go into conservative mode instead of continuing to stick to your normal trading plan.
[13:52:02] <@wrbtrader> My point, don't let one bad trading day sabotage another trading day.
[13:53:19] <@wrbtrader> S area retest of WRB Hidden GAP
[13:54:16] <@wrbtrader> reminds me of an earlier S area WRB Hidden GAP that caused problems for analysis in Oil CL futures
[13:54:33] <@wrbtrader> I tried using it as a pivot area and got burnt
[13:58:49] <@wrbtrader> WRB pt 1 (shallow) reached :(
[13:59:34] <@wrbtrader> tighten stop loss protection
[13:59:45] <@wrbtrader> I'm now expecting a volatility spike
[14:00:06] <@wrbtrader> too much volatility contraction for Oil CL futures to stay in a 4 tick range
[14:02:48] <@wrbtrader> Exited all Light Crude Oil CL Long @ 86.09 --> - 0.06
[14:06:44] <@wrbtrader> strange volatilit spikes now...some markets not spiking and others are spiking
[14:06:51] <@wrbtrader> Key markets not insync
[14:15:23] <@wrbtrader> Long Light Crude Oil CL @ 86.09 -> medium size
[14:16:08] <@wrbtrader> :(
[14:16:10] <+canaandog> good luck. I don't trust it.
[14:16:21] <@wrbtrader> knock on wood
[14:18:09] <@wrbtrader> Exited all Light Crude Oil CL Long @ 86.13 --> + 0.04
[14:19:12] <@wrbtrader> Yep, it now wants to go back to the 86.02 area
[14:20:27] <@wrbtrader> Shorts Light Crude Oil CL @ 85.99 -> large size
[14:20:46] <@wrbtrader> EuroFX 6E futures spike again
[14:20:56] <@wrbtrader> 3+3
[14:21:55] <@wrbtrader> Covered all Light Crude Oil CL Short @ 85.98 --> + 0.01
[14:22:11] <@wrbtrader> :(
[14:22:33] <@wrbtrader> I know it was a tight trail but the price action is too "skittish" to use a normal trail
[14:22:51] <@wrbtrader> take you out for a loss and then quickly resumes in the direction of your trade
[14:23:18] <@wrbtrader> Long Light Crude Oil CL @ 86.02 -> medium size
[14:23:23] <@wrbtrader> 2+2
[14:23:36] <@wrbtrader> back to playing S area pivot
[14:23:37] <+canaandog> now you did it-- it'll head south like a scalded cat
[14:23:56] <@wrbtrader> meant R area
[14:24:15] <@wrbtrader> It's not giving any runners today
[14:24:36] <@wrbtrader> just small ticks if you can manage to survive to chop
[14:26:23] <@wrbtrader> Exited all Light Crude Oil CL Long @ 86.03 --> + 0.01
[14:29:07] <@wrbtrader> Long Light Crude Oil CL @ 85.97 -> medium size
[14:29:23] <@wrbtrader> re-entry
[14:29:27] <@wrbtrader> 4 contracts
[14:30:00] <+canaandog> CL been doing most of its work early AM this week. Got up a little earlier today and still _just_ missed a signal into a great trade.
[14:30:02] <@wrbtrader> Exited all Light Crude Oil CL Long @ 85.92 --> - 0.05
[14:30:28] <@wrbtrader> reaction point support breakdown 85.93
[14:31:49] <@wrbtrader> so far today...all the reaction point breakdowns have "counter-thrust" back upwards
[14:32:35] <@wrbtrader> Long Light Crude Oil CL @ 85.88 -> large size
[14:32:45] <@wrbtrader> 6 contracts
[14:33:19] <@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
[14:48:37] <@wrbtrader> clock is now ticking on this trade so that I can take my normal break before 3pm est
[14:56:07] <@wrbtrader> prior reaction point reached
[14:56:22] <@wrbtrader> WRB pt1 (shallow) reached
[15:21:29] <@wrbtrader> just got back
[15:22:52] <@wrbtrader> looks like Oil CL futures is still having problems with that reaction point
[15:31:09] <@wrbtrader> Emini TF futures spiking
[15:32:05] <@wrbtrader> tighten stop loss protection on Oil CL now because of the volatility spike in Emini TF
[15:33:16] <@wrbtrader> All they they have been spike but not at the same time but soon after one of them spikes...the other spikes
[15:36:58] <@wrbtrader> WRB pt2 reached
[15:41:11] <@wrbtrader> trailing @ profit
[15:45:22] <@wrbtrader> Testing the R area of WRB Hidden GAP @ 1427pm - 1430pm est
[15:45:45] <@wrbtrader> R area @ 86.02
[15:46:29] <@wrbtrader> trail tighten
[15:47:16] <+T4n_paper> Long Emini TF @ 821.5 -> large size «« sim »»
[15:48:30] <+T4n_paper> tf lagging other minies
[15:49:34] <@wrbtrader> it was a leader earlier around 1528pm est to trigger the volatility spike that told me to keep my Oil CL futures position and to tighten my stop loss
[15:49:34] <Tonyc_> monday
[15:50:00] <@wrbtrader> in reference to Emini TF volatility spike @ 1528pm est
[15:50:09] <+T4n_paper> Exited Emini TF Long @ 820.8 --> - 0.7 «« sim »»
[15:50:58] <@wrbtrader> one more tick
[15:51:56] <@wrbtrader> WRB pt3 (shallow) reached
[15:53:25] <@wrbtrader> Exited 2/3 Light Crude Oil CL Long @ 86.08 --> + 0.2
[15:59:49] <+T4n_paper> almost as bad as i did last friday
[16:01:46] <@wrbtrader> Exited Remainder Light Crude Oil CL Long @ 86.04 --> + 0.16
[16:01:59] <@wrbtrader> Hard fought day...
[16:02:06] <@wrbtrader> Take care all and see all on Monday
[16:02:19] <+T4n_paper> yes take care
[16:02:30] <+T4n_paper> i'm off to stab myself in the eye, sheesh
[16:02:48] <+canaandog> have a good weekend, all
[16:03:20] <@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: Fri Dec 07 16:35:03 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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